Mar, 12, 2019
By Lawrence G. McMillanThis past Monday, March 4th, $SPX made another attempt to challenge the resistance at 2820. It got as high as 2816 -- essentially the same levels as last October and November...
Mar, 04, 2019
By Lawrence G. McMillanStocks have run into a bit of a roadblock this week, as the resistance in the 2800-2820 area on the $SPX chart has proven to be rather formidable. Of course, it didn't help the...
Feb, 22, 2019
By Lawrence G. McMillanStocks have continued to push higher, setting up a challenge of the major resistance at 2800-2820. A lot of people are watching that area with some apprehension (as are we), so...
Feb, 15, 2019
By Lawrence G. McMillan$SPX continued its phenomenal post-Christmas rally (which to date has registered over 400 points of gains), but has still not broken through resistance at 2820. Unless that...
Feb, 08, 2019
By Lawrence G. McMillanThe first signs of bearishness are beginning to creep into the superbly strong rally that has taken place since Christmas. $SPX rallied into the 2720-2740 area this week, which...
Feb, 01, 2019
By Lawrence G. McMillanWe have written repeatedly about the similarities between the markets of late 2000 and early 2001, ascompared to late 2018 and early 2019. Those comparisons are still valid.The...
Feb, 01, 2019
By Lawrence G. McMillanThe stock market's new love affair with the Fed continued this week, and the market really took off after the FOMC meeting on Wednesday. $SPX has now broken out over minor...
Jan, 25, 2019
By Lawrence G. McMillanLast Friday (January 18th) the “stocks only” breadth oscillator stood at +854.04 – the fourth highest reading of all-time. This is extremely overbought, but is not a sell...
Jan, 25, 2019
By Lawrence G. McMillanStocks backed off a little this week most of it on just one day which was a rare interruption of the oversold rally. The pullback left a minor resistance point at 2675 on the $...
Jan, 18, 2019
By Lawrence G. McMillanLast year (2018) was a very interesting year in a number of respects. One of those was the behavior of volatility and especially the behavior of volatility derivatives. Since...
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